Though the merger has not been explicitly canceled, Genworth said it will begin to pursue contingency measures, including a partial IPO of its mortgage insurance business.
A revival could be underway in bulk MSR sales but the real fireworks may come in the first quarter of 2021. Pricing? It’s headed north, at least for GSE product.
It’s been a quiet year for mortgage-related M&A. (Credit the pandemic and the resulting refi boom.) Meanwhile, some ponder what a normal origination year might look like.